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In Praise of Tax Havens : International Tax Planning and Foreign Direct Investment
Hong, Qing - 2007
The multinationalization of corporate investment in recent years has given rise to a number of international tax avoidance schemes that may be eroding tax revenues in industrialized countries, but which may also reduce tax burdens on mobile capital and so facilitate investment. Both the welfare...
Persistent link: https://www.econbiz.de/10012777300
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Immobilizing Corporate Income Shifting : Should It Be Safe to Strip in the Harbour?
Gresik, Thomas A. - 2015
Many subsidiaries can deduct interest payments on internal debt from their taxable income. By issuing internal debt from a tax haven, multinationals can shift income out of host countries through the interest rates they charge and the amount of internal debt they issue. We show that, from a...
Persistent link: https://www.econbiz.de/10013009882
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Intercompany Loans and Profit Shifting - Evidence from Company-Level Data
Buettner, Thiess; Wamser, Georg - 2021
This paper is concerned with tax-planning strategies of multinational corporations. A theoretical analysis discusses the choice of the capital structure in a setting where intercompany loans can be used to shift profits to low-tax countries. Empirical evidence is provided using micro-level panel...
Persistent link: https://www.econbiz.de/10013317154
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Multinationals, Minority Ownership and Tax-Efficient Financing Structures
Schindler, Dirk - 2013
This paper presents a theory model that simultaneously accounts for the financing decisions and ownership structure in affiliates of multinational firms. We find that affiliates of multinationals have higher internal and overall debt ratios and lower rental rates of physical capital than...
Persistent link: https://www.econbiz.de/10013094791
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The Consequences of Being Different - Statistical Discrimination and the School-to-Work Transition
Mueller, Barbara - 2011
When information about the true abilities of job-seekers and applicants are hard to get, statistical discrimination by employers can be an efficient strategy in the hiring and wage setting process. But statistical discrimination can induce costs, if labor relations cannot be terminated in the...
Persistent link: https://www.econbiz.de/10013130101
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An Economic Theory of Switzerland
Blankart, Charles B. - 2011
Switzerland is often viewed as a federalist curiosity and a unique form of direct democracy. But this view does not … provide a proper understanding of the country. A theory of Switzerland is necessary. A consideration of the initial, exogenous … autonomy considerably better in Switzerland than in other states. An important factor is that the federal government, cantons …
Persistent link: https://www.econbiz.de/10013117983
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How Much Do Means-Tested Benefits Reduce the Demand for Annuities?
Butler, Monika - 2011
occupational pension wealth observed in Switzerland …
Persistent link: https://www.econbiz.de/10013123214
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The Effect of Agglomeration Size on Local Taxes
Luthi, Eva - 2011
Standard tax competition models predict a ‘race-to-the-bottom' of corporate tax rates when firms are mobile. Recent theoretical literature has qualified this view by offering a theoretical explanation why this extreme prediction need not occur: central regions with large clusters of economic...
Persistent link: https://www.econbiz.de/10013125703
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How to Tame Two Leviathans? - Revisiting the Effect of Direct Democracy on Local Public Expenditure
Galletta, Sergio - 2012
We explore how the vertical structure of direct democracy in a federal context affects expenditure decisions of sub-central governments. In so doing we revisit previous research on the effect of direct democratic institution on public policies. Particularly, the effect of upper-level (state)...
Persistent link: https://www.econbiz.de/10013098336
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The Timing of Retirement - New Evidence from Swiss Female Workers
Broadway, Barbara - 2012
We investigate the responsiveness of individual retirement decisions to changes in financial incentives. A reform increased women's normal retirement age (NRA) in two steps from age 62 to age 63 first and then to age 64. At the same time retirement at the previous NRA became possible at a...
Persistent link: https://www.econbiz.de/10013106543